Brave New World At peHUB
Today, I was reading the wires, and my competitors, when I spotted something familiar. There’s a story in the New York Post about the sale of Aspen Dental and how the company could be sold for $500 million.
But wait. Didn’t I—meaning peHUB—report last week that Leonard Green & Partners was buying the company for $500...
Doughty Hanson Invests in Sustainable Energy
Doughty Hanson Technology Ventures has bought 50,000 First Preferred Shares and roughly 5.2 million warrants of Sustainable Energy Technologies Ltd. for $500,000. Doughty Hanson, a European PE shop, currently holds 100% of the Series 9 Shares of Sustainable Energy. Alberta, Canada-based Sustainable Energy makes solar inverters. Doughty has previously committed to providing up to...
Bain Agrees To Buy Air Medical
(Reuters) - Private equity firm Bain Capital LLC has reached a deal to buy Air Medical Group Holdings, the largest independent U.S. provider of emergency air medical services, for around $1 billion, a source familiar with the matter said on Thursday.
It is the latest in a string of deals which has seen private equity firms...
ABRY Partners Buys RCN Corp. for $15 A Share
ABRY Partners LLC completed its acquisition of RCN Corp., which provides broadband services, for $15 a share in cash. SunTrust Robinson Humphrey served as financial adviser to ABRY Partners, which is Boston-based private-equity shop specializing in media and information technology companies.
Talisman is Selling Turning Tech to Brockway Moran
Talisman Capital Partners is in talks to sell Turning Technologies to Brockway Moran & Partners. News of the deal was disclosed on the FTC website, which lists the transaction as having received early approval.
In 2006, Columbus, Ohio-based Talisman acquired Turning Technologies via a recapitalization. It’s not clear how much Talisman owns of Turning Tech.
Turning Tech,...
Two Exits for Nautic Partners After Long Holds
Another day, another exit for Nautic Partners.
Today, Nautic announced it was selling Fibertech Networks, which builds and operates fiber-optic networks, to Court Square Capital Partners. The deal is valued at north of $500 million, a Fibertech spokesman said.
Nautic invested in Fibertech in 2000, the spokesman said. The Providence, R.I. –based PE firm made the investment...
Kellwood Co Buys ADAM
Kellwood Co., a portfolio company of Sun Capital Partners, has acquired ADAM, a maker and marketer of high-end contemporary clothing. No financial terms were disclosed.
Packers Holdings Adds On
Packers Holdings LLC, a portfolio company of Blue Point Capital Partners, has acquired two contract cleaners serving the food processing industry: Kaiser Contract Cleaning Specialists Inc. and Canadian Contract Cleaning Specialists Inc. No financial terms were disclosed.
Mid-Atlantic Convenience Adds On
Mid-Atlantic Convenience Stores has acquired 58 convenience stores/fuel stations in Northern Virginia and Maryland from Exxon Mobile Corp. No financial terms were disclosed. MACS is a platform sponsored by Catterton Partners.
Auto Parts Suppliers Rebound While PE Waits on Sidelines
Unlike the Big Three carmakers, small auto parts suppliers didn’t crash and burn with the recent market downturn.
In 2008, when GM had yet to file for bankruptcy and a merger of the Big Three automakers was still being discussed, many auto parts suppliers were expected to merge or file for bankruptcy. Some big ones went...
ExactTarget Buys Mpath
ExactTarget, an Indianapolis-based maker of email marketing software, has acquired Australian reseller mPath for an undisclosed amount. ExactTarget has raised around $155 million in VC funding, from Technology Crossover Ventures, Battery Ventures, Insight Venture Partners, Ontagu Newhall and Scale Venture Partners.
TEOCO Completes TTI Acquisition
TEOCO, a Fairfax, Va.-based provider of routing and revenue management software for communication service providers, has completed its acquisition of TTI Team Telecom International, a supplier of operations support systems (OSS) to communications service providers. The deal was valued at $58 million. TEOCO raised $60 million in equity funding from TA Associates, in exchange for...
